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Changes to the operational framework for implementing monetary policy
The Governing Council agreed on a set of principles that will guide monetary policy implementation in the future: Effectiveness: The main objective of the operational framework is to ensure the effective implementation of the monetary policy stance in line with the provisions of the EU Treaty. This is best achieved by steering short-term money market rates closely in line with monetary policy decisions. Some volatility in money market rates can be tolerated as long as it does not blur the signal about the intended monetary policy stance. Robustness: The operational framework needs to be robust to different monetary ... (full story)
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*#ECB TO NARROW SPREAD BETWEEN DEPOSIT, MAIN RATE AS OF SEPT. 18 - BBG
— Christophe Barraud (@C_Barraud) March 13, 2024
*ECB: BANKS' MINIMUM RESERVE REQUIREMENTS TO STAY AT 1%
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ECB: MINIMUM RESERVE REQUIREMENTS WILL REMAIN AT 1%.
— FinancialJuice (@financialjuice) March 13, 2024
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THE ECB EXPECTS SHORT-TERM MONEY MARKET RATES TO EVOLVE IN THE VICINITY OF THE DEPOSIT RATE.
— FinancialJuice (@financialjuice) March 13, 2024
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THE ECB IS TO RUN A NEW, STRUCTURAL LONGER-TERM REFINANCING OPERATIONS AND BOND PORTFOLIO AT A LATER STAGE.
— FinancialJuice (@financialjuice) March 13, 2024